During the third quarter of 2018, Spain's GDP showed a slowdown in its year-over-year growth rate with respect to the previous quarter of 0.09 p.p., standing at 2.42%. GDP lower growth was explained by the slowdown in domestic demand, which fell by 0.38 p.p. with respect to 2Q18, to 2.77%. The unemployment rate decreased by 0.73 percentage points to 14.55%, while the year-over-year growth rate of employment slowed by 0.31 p.p. from the previous quarter to 2.51%. Inflation rose from the previous quarter to 2.23%. With respect to the exchange rate, the euro depreciated against the dollar, with the average exchange rate at 1.16 $/€ in the third quarter of the year.
For more information, click here to access the executive document in pdf (only avalaible in Spanish).
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